IRS Issues Proposed Long-Term, Part-Time Regulations
The Internal Revenue Service has released a proposed regulation reflecting statutory changes related to long-term, part-time employees made by the SECURE Act of 2019 (SECURE Act) and the SECURE 2.0 Act of 2022 (SECURE 2.0).
DOL Issues Final Rule Updating Davis-Bacon Regulations
The Department of Labor has issued a final rule updating the Davis-Bacon Act and the Davis-Bacon Related Acts nearly 40 years after the Department last completed a comprehensive revision of the guidelines.
DOL Proposes Expanded Definition of Investment Advice Fiduciary
The proposed rule expands the definition of fiduciary; requires that advice being given to a broader range of retirement investors meet fiduciary standards; and treats more rollover recommendations as fiduciary advice.
IRS Releases Proposed Forfeiture Guidance
The IRS recently released proposed regulations regarding the use of forfeitures within qualified retirement plans.
SECURE 2.0 is Congress’s Retirement Enhancement Encore
This bill was included in the Consolidated Appropriations Act of 2023, which was signed into law on December 29, 2022.
Congress Approves Appropriations Bill, Containing the SECURE 2.0 Act of 2022, President’s Signature Expected
The House of Representatives has passed the Consolidated Appropriations Act of 2023, HR 2617, today with a 225-201-1 vote.
Big Changes May be in Store for the Davis-Bacon Act
The Davis-Bacon Act (DBA) has played a major role in the construction industry for over 90 years.
IRS Issues Proposed MEP Rule
To help expand access to MEPs, the IRS has released proposed regulations, which provide a welcome exception to the unified plan rule.
U.S. House Passes Significant Retirement Bill
The U.S. House of Representatives passed the Securing a Strong Retirement Act of 2022 (SSRA) by a 414-5 vote on March 29, 2022.
New Retirement Payment Withholding Procedure is (Finally) Final
Tax payers and individuals will have a new process for calculating and electing federal income tax withholding on retirement distributions.
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